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Book details
  • SubGenre:Business Ethics
  • Language:English
  • Pages:84
  • eBook ISBN:9781633180123

Fiduciary Handbook for Understanding and Selecting Target Date Funds

It's All About the Beneficiaries

by Ron Surz , Mark Mensack and John Lohr

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This book is written by 3 industry experts for fiduciaries who select target date funds, which means it’s directed primarily to pension consultants.


The greatest waste in the world is the difference between what we are and what we could become. Ben Herbster, Author At $1 trillion and growing, target date funds are huge, and the DOL has opened the door for advisers to profit. Specifically the Department of Labor tips for target date fund fiduciaries counsel “a custom TDF may offer advantages to your plan participants by giving you the ability to incorporate the plan’s core funds in a TDF.” There are other opportunities for advisers, but custom TDFs are the most lucrative, providing fees to advisers of 10-50 basis points. But going through the TDF door takes courage & commitment because it comes with fiduciary responsibility. That’s why we wrote the Target Date Fund Handbook to help pension consultants and plan sponsors. The book covers target date funds of all types: custom, mutual funds, collective trusts, etc. It’s a must read for fiduciaries.

About the author

Ronald J. Surz
President & CEO, PPCA, Inc.
President, Target Date Solutions
78 Marbella, San Clemente, CA 92673
Phone: (949) 488-8339
Email: Ron@PPCA-Inc.com

Ronald J. Surz is president of PPCA Inc. and its division, Target Date Solutions. He is a pension consulting veteran, having started with A.G. Becker in the 1970's. Ron earned an MBA in Finance at the University of Chicago and an MS in Applied Mathematics at the University of Illinois, and holds a CIMA (Certified Investment Management Analyst) designation.

He has published regularly in such publications as The Journal of Wealth Management, The Journal of Investing, Journal of Portfolio Management, Pensions & Investments, Senior Consultant, HorsesMouth and the IMCA Monitor, as well as contributed to and edited several books. Ron's most recently co-edited book is Hedge Funds: Definitive Strategies and Techniques (Wiley Finance). Ron has served as a member of the following boards and councils:

  • Investor/Consultant Subcommittee of the Global Investment Performance Standards (GIPS) Executive Committee, established by the CFA Institute
  • Investment Management Consultants Association (IMCA) Board of Directors
  • IMCA Monitor (newsletter) Editorial Board
  • IMCA Standards of Practice Board Chair
  • Cainsoft Advisory Board
  • FinanceWare.com Advisory Board
  • Association for Investment Management & Research (AIMR) After-Tax Subcommittee
  • Risk-Controlled Growth (RCG) fund-of-hedge-funds Investment Committee
  • Sortino Investment Advisors Advisory Board
  • Capital Market Consultants Advisory Board
  • President of the Southern California Chapter of IMCA
  • Rockwater Hedge LLC Advisory Board

For additional information about Ron, see his profile on LinkedIn. You may also follow Ron on newsle.com/ronsurz (a news tracking service) and Howling Wolf (an organization dedicated to financial and investment literacy).